New company registrations drop 35 per cent in January
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The number of new companies registered in Thailand dropped dramatically last month compared with January 2013, mainly because of the impact from the political unrest, the Business Development Department reported.
The number of new registrations decreased 35 per cent year on year to 5,317 companies. However, the figure was 83 per cent higher than December’s.
Value of initial investment capital dropped 27 per cent year on year to Bt29.64 billion, and also decreased 12 per cent compared with December’s value.
Pongpun Gearaviriyapun, director-general of the department, said that although the number of new registered companies has dropped compared with last year, the trend should reverse as the year progresses. She said other economic indicators showed a recovery trend.
“Inevitably, the political impact has caused some hesitation in doing new business, but with strong economic fundamentals, investment in Thailand should continue,” she said.
The department also reported that the number of companies shutting down last month increased by 18 per cent year on year to 1,420.
The value of closed businesses was up 28 per cent year on year to Bt3.87 billion.
New business registrations in January and those expected in coming months are mostly in the construction, property development, wholesale machinery, and service businesses.
At present, 554,743 companies and 1,039 public companies are registered in the Kingdom.
